BCS Wealth Management Takes Position in The Walt Disney Company (NYSE:DIS)

BCS Wealth Management acquired a new stake in The Walt Disney Company (NYSE:DIS) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,444 shares of the entertainment giant’s stock, valued at approximately $299,000.

Several other hedge funds have also modified their holdings of the stock. Acadian Asset Management LLC increased its position in shares of Walt Disney by 13.6% during the third quarter. Acadian Asset Management LLC now owns 22,595 shares of the entertainment giant’s stock worth $1,829,000 after purchasing an additional 2,698 shares in the last quarter. Mariner LLC grew its holdings in shares of Walt Disney by 5.8% during the third quarter. Mariner LLC now owns 927,644 shares of the entertainment giant’s stock worth $75,185,000 after buying an additional 50,901 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Walt Disney by 203.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 133,500 shares of the entertainment giant’s stock worth $10,820,000 after buying an additional 89,500 shares during the last quarter. Stelac Advisory Services LLC grew its holdings in shares of Walt Disney by 7.7% during the third quarter. Stelac Advisory Services LLC now owns 68,909 shares of the entertainment giant’s stock worth $5,598,000 after buying an additional 4,915 shares during the last quarter. Finally, Rice Partnership LLC grew its holdings in shares of Walt Disney by 4.9% during the third quarter. Rice Partnership LLC now owns 44,297 shares of the entertainment giant’s stock worth $3,590,000 after buying an additional 2,078 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Up 0.4 %

Shares of DIS opened at $102.20 on Friday. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The stock has a fifty day moving average of $105.90 and a two-hundred day moving average of $104.23. The company has a market capitalization of $186.31 billion, a PE ratio of 111.09, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same period in the previous year, the company earned $0.93 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, analysts forecast that The Walt Disney Company will post 4.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DIS shares. Macquarie raised their price target on Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company lifted their price objective on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Argus lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Morgan Stanley lifted their price objective on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Finally, Rosenblatt Securities lifted their price objective on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $126.29.

Insider Activity

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James P. Gorman acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.